Allegro MicroSystems specializes in creating sensor integrated circuits (ICs) and analog power ICs for energy-efficient and motion control systems. Their product lineup features magnetic sensor ICs for position, speed, and current measurement, alongside power ICs like motor drivers and LED drivers, as well as photonic and 3D sensing components. Primarily serving the automotive and industrial sectors, Allegro sells worldwide through a mix of direct sales, distributors, and representatives. Founded in 1990, the company is based in Manchester, New Hampshire, and operates as a subsidiary of Sanken Electric Co., Ltd.
Nervous investors may be wondering if semiconductor stocks are still a good bet for the rest of this year. Wall Street expectations are especially high for Astera Labs.
Stocks started off lower in Monday's premarket but were nearing a break-even start to regular trading.
Wednesday’s top analyst upgrades and downgrades included Allegro, Jinkosolar, Masco, Micron Technology, Plug Power, Smith & Wesson and Virgin Galactic.
